FT. LAUDERDALE, FL--(MARKET WIRE)--Feb 3, 2009 -- Tri-Star Holdings, Inc. (Other OTC:TSHL.PK - News) announced today that it has closed its acquisition of Lyfetec, Inc. as anticipated. In conjunction with the acquisition’s finalization, Phil Matteis has been appointed to the office of CEO and Mr. Mellone has resigned from the Company’s Board of Directors and from the office of President. Donna Yamin has also resigned from the office of Secretary. The new management will focus on building the medical industry assets of the company including Lyfetec’s distribution of home medical test kits and the ERHU (Emergency Response Hospital Unit).
Additionally, the record date for the previously announced dividend resultant of the asset sale to UC Hub Group, Inc. (OTC BB:UCHB.OB - News) was Friday, January 30, and in accordance with dividend rules and transfer agent instructions, it is estimated that the dividend’s delivery will be completed by March 15, 2009. Management stated it will release further details, including an exact delivery date, upon receipt of such information.
Before graduating from the University of North Texas in 1970 and attending the Institute for Computer Sciences in Dallas for two years, Mr. Matteis began his first foray in the medical industry in 1969 by assisting in the programming of hospital computer software systems utilizing COBOL, FORTRAN, RPG, PL/1 and Assembler language. Mr. Matteis continues to be involved in healthcare oriented systems design/programming and wireless secured communications as President of Lyfetec, Inc. and has attained a diverse background with over 38 years of experience in the technology sector. Additionally, Mr. Matteis has actively managed several companies and complex projects either directly or in a consulting capacity.
Shareholders should note that while these management changes have taken place, the company office address and telephone number(s) remain unchanged.
For more information visit www.tristarcorporate.com.
Safe Harbor Provision
This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Tri-Star Holdings, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition. Contact:
Contact:
Phil Matteis CEO Tri-Star Holdings, Inc. 954-772-2640
